You also shouldn’t apply personal finance principles for — individuals or households — to a nation-state. For example, how would you translate U.S. dollar denominated debt held by other countries into personal finance rules? Or currency exchange rates and the dollar’s strength relative to other nation’s currencies?
You also shouldn’t apply personal finance principles for — individuals or households — to a nation-state. For example, how would you translate U.S. dollar denominated debt held by other countries into personal finance rules? Or currency exchange rates and the dollar’s strength relative to other nation’s currencies?